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25 June 2019 | 25 replies
I have very much enjoyed the conversations I've had on bigger pockets with some of the note focused investors on the site, from what I can see so far it is the type of business that you can conduct from a computer and a cell phone and remain mobile while still working which seems like a big plus to me.Would it be possible for the full time note investors on the site to get into what a normal day looks like for them?
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24 June 2019 | 8 replies
@Hubert KimI'm on mobile so excuse the short response but just wanted to say thank you for your post.
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25 June 2019 | 4 replies
You may not know the mechanical aspect of how to get it there and that's ok.
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26 June 2019 | 28 replies
@Lee Stephens make sure to account for the following expenses in your calculations:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance a) Property Hazard Insurance (0.3-0.45%) b) Flood Insurance c) Earthquake Insurance d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy) a) Water § Sewer § Garbage b) Electricity c) Natural Gas d) Propane9) General Maintenance (usually 5%) a) Upkeep § Landscaping b) Snow removal c) Repairs d) New Appliances e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...
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10 July 2019 | 2 replies
I currently work as an MECP Installer in a mobile electronics store.
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24 June 2019 | 12 replies
This would be the perfect site for another plumber, electrician, mechanic, etc to run their business out of.
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8 March 2022 | 4 replies
I've been doing wholesaling and have done deals SFR and Land small deals. but i know it takes the same energy to do bigger deals, so i want to start focusing on Mobile Home Parks and self storage mismanaged that can be great value add oppurtunities. i currently use Listsource.com, rebootgateway, USleadslist.com to get my lists but i would like to know what criteria to buy from listsource or where to find the Commercial deals of individual owned Storage or mobile home parks
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9 July 2019 | 10 replies
Too many new comers come into this business and immediately try to go into another market when they haven't even picked up the skills and mechanics to learn their own market.
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25 June 2019 | 3 replies
How much closing cost can you expect for a seller financed, 10-unit mobile home park?
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25 June 2019 | 3 replies
Hey everyone,I'm really getting excited about Mobile Home Park investing.